WBPC Details :: Prizes

Each year, through the generosity of our sponsors, the Wharton Business Plan Competition awards cash prizes and access to capital and services. In addition, this year each of our six in-kind sponsors have donated a minimum of $5,000 of legal or accounting services to the winners.

Student teams participating in the Wharton Business Plan Competition compete for $75,000 in cash and prizes, as well as access to entrepreneurial resources or capital which are awarded at the Venture Finals. Judges will award the following prizes:

Grand Prize: $20,000, plus:

• Acceptance into the Wharton Venture Initiation Program (VIP) if prize winners have not previously been members of VIP.
• Opportunities to represent The Wharton School at other business plan competitions around the world.
• $5,000 in legal services.
• $5,000 in accounting/strategy services.

Second Prize: $10,000, plus:

• $5,000 in legal services.
• $5,000 in accounting/strategy services.

Third Prize: $5,000, plus:

• $5,000 in legal services.
• $5,000 in accounting/strategy services.

Best Undergraduate Business Plan: $5,000
The Frederick H. Gloeckner Award in Entrepreneurial Studies is given to the highest-ranking Wharton undergraduate team in the Wharton Business Plan Competition. At least 50% of the team must be made up of Wharton undergraduate students. The team must reach Phase III (the top 25) and submit a business plan for consideration as a Finalist.

Distribution of Prizes
Prize money will only be distributed to one member of a winning team. That member must be a fully matriculated student (graduate or undergraduate) of the University of Pennsylvania and will be responsible for dividing prize monies among all team members. This student will also be the recipient of and point of contact for the In-kind awards.

It will be the University of Pennsylvania students on the Grand Prize team who are accepted to the Wharton Venture Initiation Program. These students must be prepared to enter VIP in the summer 2006 session with the business concept for which they won Grand Prize in the Competition.